June 7, 2022
US private equity giant grows Irish office portfolio to 1.3 million square feet with deal for Spencer Place office and hotel development
Developer Johnny Ronan’s Ronan Group Real Estate (RGRE) and US fund Fortress Investment Group are understood to have secured in excess of €500 million from the sale to Blackstone of the European headquarter offices RGRE is developing for Salesforce at Spencer Place in Dublin’s north docklands.
The Irish Times understands the parties have entered into an agreement which will see Blackstone Real Estate’s Core + funds secure ownership of the entire 413,000sq ft campus.
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